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Monday, 22 October 2012

1. Who among the following never discharged the duties as the Governor of Reserve Bank of India?1) Man Mohan Singh
2) M. Narasimham3) P.Chidambaram
4) R. N. Malhotra5) Dr. Bimal Jalan

2. On 5th October 2012, World Bank agreed to provide loan of $ 500 million to India for?1) Infrastructure projects in the Southern Part of Western Ghats.2) Upliftment of poor people residing in Andaman Nicobar Islands.3) Repairing the old dams in the Coastal parts of Karnataka.4) Providing the water to the region of Bhundelkand.5) Secondary Education Project named Rashtriya Madhyamik Shiksha Abhiyan (RMSA).

3. On 16th October 2012, an Indian-American Banker Vikram Pandit resigned as the CEO of ?1) BNP Paribas Group
2) ICICI Group3) Axis Group
4) Federal Bank Group
5) Citi Group

7. Days list given. Pick the incorrect one.1) International Day of the Older Persons - 1 October2) World Habitat Day - First Monday of October every year3) UN International Day for National Disaster Reduction - 13 October4) World White Cane Day (Guiding the Blind) - 16 October5) International Day for the Eradication of Poverty -17 October

Muthoot Finance Ltd has received the Golden Peacock Award for ‘Excellence in Corporate Governance’ for the year 2012 in London. The award ceremony hosted by Institute of Directors (IOD) at the London Global Convention 2012 was given on the basis of recommendations of the jury headed by Justice P.N. Bhagawati, former Chief Justice of India and member of the UN Human Rights Commission.

Thursday, 18 October 2012

Centre of Science and Environment (CSE) on 17 October 2012 announced
Partnership with Hongkong and Shanghai Banking Corpoartion Ltd (HSBC) to
set up modern Environment Training Institute in Alwar district of
Rajasthan.

The Institute that will set up will be offering short
and long term courses on Environmental governance for regulators and
decision makers.

Both the organization will be improving
environmental governance in India by building capacity of environment
regulators, non-government organizations and industry.

The
institute will cover the multiple research disciplines such as air
pollution, water and waste water management, climate change, sustainable
industrialisation and urbanisation, renewable energy, public transport
and mobility and environment impact assessment.

The Institute is going to be developed as an incubation, development and demonstration centre for green technologies. Centre of Science and Environment (CSE)

The
Centre for Science and Environment (CSE) is a public interest research
and advocacy organisation based in New Delhi. It was founded in 1980.
CSE researches into, lobbies for and communicates the urgency of
development that is both sustainable and equitable.

Tuesday, 16 October 2012

ICICI Bank on 15 October 2012 signed a memorandum of understanding (MoU)
with Ecobank Transnational Incorporated of Africa in order to extend
their banking services across their combined footprint in India and
Africa.

The MoU was signed in Tokyo by Vijay Chandok, President -
International Banking Group of ICICI Bank Ltd and Arnold Ekpe, Group
CEO of Ecobank.

India’s trade with Africa has doubled in the past
four years. Stronger investment ties are complementing this steady
growth in trade with Indian investments in Africa across a range of
sectors including oil & gas, pharmaceuticals, petrochemicals,
fertilizers, IT and infrastructure.

About Ecobank

Eco
bank is a pan-African banking conglomerate, with banking operations in
35 African countries. It is the leading independent regional banking
group in West Africa and Central Africa, serving wholesale and retail
customers. Ecobank was incorporated in Lome, Togo. Ecobank Transnational
Incorporated is the parent company of the leading independent
pan-African banking group. About ICICI Bank

ICICI
Bank Limited is India's largest private sector bank and the second
largest bank in India, with consolidated total assets of US $ 111
billion as on June 30, 2012.It is the second largest bank in India by assets and third largest by market capitalization.

Thursday, 11 October 2012

1. Which of the following is known as Plastic Money?A) Demand Draft
B) Credit CardC) Debit Card1) Only A
2) Only B
3) Only C4) Both B and C
5) All A, B and C

2. KYC guidelines followed by banks have been framed on the recommendations of the ...........1) Ministry of Home Affairs2) Ministry of Information Technology and Human Resource Development3) Indian Banks Association4) Ministry of Finance5) Reserve Bank of India

3. Business Correspondents in banking are for:1) Providing services for the Platinum Customers2) Providing services for children3) Serving the educational institutions4) Serving the weaker sections of society5) None of these

4. What is the full form of FDI?1) Foreign Development Investment2) Fiscal Development Investment3) Foreign Direct Investment4) Fiscal Direct Investment5) None of these

5. CMD of a public sector bank is appointed by:1) Reserve Bank of India2) Indian Banks Association3) Central Government4) Respective Bank's Board of Directors5) None of these

6. What is the current Statutory Liquidity Ratio?1) 23 %
2) 24 %3) 20%
4) 4.5%
5) None of these

Tuesday, 9 October 2012

The Reserve Bank of India (RBI) is open to looking at increasing the
limit on international e-commerce transactions now set at $3,000, a top
official said on October 8.

“If the system wants the limit to be enhanced, that is something that we
are positively inclined to look at,” RBI Executive Director G.
Padmanabhan said on the sidelines of a CII event.

Mr. Padmanabhan said the limit was set in consultation with PayPal, a
major player among the international payment gateways, and added that as
many as 99 per cent of the e-commerce transactions fell under the limit
of $3,000.

Rationale

Giving rationale for setting the limit (there are no limits for domestic
e-commerce transactions), he said it was needed in a country like India
which had exchange controls.

On extending trading hours in the forex market, the RBI official said it
was difficult to relax as “we do not have full capital account
convertibility.”

Friday, 5 October 2012

HDFC Bank on 4 October 2012 tied up with Indian Oil Corporation where
rural Petrol Pump Outlets of Indian Oil will act as HDFC Bank Business
Correspondent (BCs). It is unique and first kind of tie-up, where
an oil distribution company is coming up with the bank to make
available modern banking services to the people of remote areas. The
Indian oil is going to make it possible through Kisan Seva Kendra which
is an retail outlet model pioneered by Indian Oil to cater to the needs
of customers in the rural segment.

HDFC Bank planned to cover
1000 Kisan Seva Kendras in a phased manner and each of these outlets
will be able to serve around 1,500 customers. The Kisan Seva Kendra
outlets will offer banking services such as preliminary processing of
loan applications, disbursal and collection of small value deposits,
sale of micro-insurance, mutual funds and other investment instruments. HDFC plan is to bring 10 million families into its banking Fold.